TransCore buyer focuses on smart mobility

New owner ST Engineering wants to be 'sustainable smart mobility market leader'
By Adam Hill October 8, 2021 Read time: 1 min
ST Engineering has interests in aerospace and defence as well as Smart Cities (© Korn Vitthayanukarun | Dreamstime.com)

ST Engineering's acquisition of tolling and traffic management specialist TransCore will make the new owner a "sustainable smart mobility market leader", it says.

The $2.68 billion deal is expected to close in the first quarter of 2022, with TransCore slated to generate $545 million of revenue this year.

Headquartered in Singapore, ST Engineering has revenues of around $5.4 billion and has interests in Smart Cities, aerospace, defence and public security.

"With the addition of TransCore, ST Engineering will be uniquely positioned as a sustainable smart mobility market leader, underpinned by our strengths in technology and innovation,” said Vincent Chong, CEO of ST Engineering.

“TransCore has established a premier business, demonstrated by its industry-leading solutions and backed by a talented workforce, in which we will continue to invest."

TransCore owner Roper Technologies will retain its DAT and Loadlink network software businesses, which it acquired together with TransCore in 2004.

Charging, Tolling & RUC

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